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Soil Conditioner Market Expected to Reach $3.7 Billion by 2031—Allied Market Research

 
2022
Soil Conditioner Market

Report Code : A16387

quote Soil degradation is the major challenge faced by farmers across the globe owing to the rise in industrialization, urbanization, deforestation, and other human-induced activities. These scenarios are increasing in developing countries, which have affected agricultural land, thus resulting in an insufficient supply of nutrients to the crops. For instance, according to an article published by the Global Environment Facility, in March 2022, 24 billion tons of fertile soil was being lost per year, largely due to unsustainable agriculture practices and other human-induced activities on the land. In addition to this, the growing population worldwide results in decline in the proportion of fertile and arable land, which ultimately affects the agricultural sector. Furthermore, soil deterioration, soil erosion, mining, industrial activities, and overgrazing, directly and indirectly, affect the quality of soil, water quality, and crop production. To overcome these problems, several farmers across quote

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Materials and Chemicals at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Soil Conditioner Market," The soil conditioner market forecast was valued at $2.3 billion in 2021, and is estimated to reach $3.7 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

Soil conditioner is a type of soil amendment that is used to control water erosion and improve soil properties such as fertility and other physical qualities.     

Rapid change in lifestyle, urbanization, rise in disposable income, and the demand for organic food contribute toward the market growth. Organic farming is also known as biological farming or ecological farming. To get better crop production and to increase the soil productivity, soil conditioners are used extensively. Soil conditioner includes compost manure, green manure, bone meal, and legume are predominantly used and synthetic chemicals are excluded. For instance, according to an article published by the CSR Journal, in February 2021, there is a steady increase in area under organic farming over the past years. In 2018, there was an addition of 2.02 million hectares to organic cultivation in the world, which accounted for a 2.9% increase, whereas Asia contributed to the maximum increase at 8.9%, followed by Europe at 8.7%. These factors together have surged the popularity of soil conditioners for organic farming; thus, the demand for soil conditioners has increased in the market. . All these factors collectively drive the demand of the global market.

However, excessive use of soil conditioners harms crop production, environment, soil porosity, and the structure of soil tend to hamper the market growth.

The clay soil has a wide range of applications in construction, pottery, ceramics medicinal, and others. Moreover, soil conditioners are used in clay soil to increase the pores, to prevent the soil crusting, and to stop the erosion and water runoff. clay soil is used widely in pottery since ancient times and became a good source of income. Pottery using clay is a lengthy process usually it is made in a moist environment. The pottery business in India play’s significant role in earning foreign revenue and the total GDP. For instance, according to an article published by AATMNIRBHAR SENA in July 2021, India has exported pottery worth 9.97 USD million is anticipated to create remunerative opportunities for the expansion of the soil conditioner market in the future.

The soil conditioner market is segmented into product type, soil type, application, and region.

By product type, the market is segregated into organic and inorganic. The inorganic segment dominated the global market in terms of revenue in 2021, with over half of the total share.  This is attributed to the fact that inorganic soil conditioner has been used widely in various sectors such as agriculture, mining, roofing, and construction. The pulverized limestone, also known as agriculture lime, has been used widely in the agriculture sector, as it helps to neutralize the soil acidity, increase the plant nutrition, and increase trace elements. .

Depending on soil type, the market is segregated into sand, clay, loam, and silt. The sand segment dominated the global market in terms of revenue in 2021, with over 56% of the total share. Sandy soil is dry, light-warm, tends to be acidic, and low in nutrients. In addition to this, it has low water holding capacity and retains few nutrients. To make the soil more fertile and to enhance the soil productivity, organic and inorganic soil conditioners and fertilizers are used. Application of animal manure on the surface of sand does not hold longer so manure should be dug deeper into the soil which will improve biological properties, water storage, and nutrient status, and helps in improving the yield. Hence, the demand for organic soil conditioners has increased in the management of sand soils in the U.S.

On the basis of application, the global soil conditioner market is classified into construction & mining, agriculture & gardening, and others. The agriculture segment dominated the global market in terms of revenue in 2021, with over 71% of the total share. Sustainable and synthetic soil conditioners are used widely in the agriculture sector to enhance soil productivity & retention capacity as well as improve the yield. Soil conditioners are used to rebuilt the soil which is damaged due to poor management of soil. For instance, according to an article published by DownToEarth in August 2021, 30% of its geographical area is already affected. The demand for organic and inorganic soil conditioners will increase to make the damaged soil more efficient for agricultural use.

Region- wise, the soil conditioner market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific soil conditioner market size is projected to grow at the highest CAGR of 5.7% during the forecast period and accounted for 34% of soil conditioner market share in 2021. Rise in residential and commercial projects have enhanced the performance of soil conditioners in Asia-Pacific. China's construction sector is increasing rapidly which has forced manufacturers of soil conditioners to produce high-quality soil amendments, in the region. According to a report published by the International Trade Administration, China's construction industry is forecasted to grow at an annual average rate of 5.2% between 2021 and 2029, owing to the highest urbanization rate in China. Moreover, the countries such as India and Japan are witnessing a rapid development of parks and community gardens where soil conditioners are widely to stimulate plant growth and provide essential nutrients to soil.

The key players operating in the global soil conditioner market include BASF SE, UPL Limited, Gujarat State Fertilizers & Chemicals Limited (GSFC), Jaipur Bio Fertilizers, Novozymes A/S, Evonik Industries AG, Greenfield Eco Solutions Pvt. Ltd., PolyOne Corporation, Sanitized AG, and BioCote Limited.

Key findings of the study

  • By product type, the organic segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2022 to 2031.
  • On the basis of soil type, the clay segment is expected to register a CAGR of 5.1% from 2022 to 2031.
  • Depending on application, the agriculture & gardening segment is anticipated to exhibit a CAGR of 4.9% from 2021 to 2031.
  • Asia-Pacific garnered the highest share of 40.0% in 2021, in terms of revenue, and is projected to grow at a CAGR of 5.2%.

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quote Soil Conditioner Market by Product Type (Organic, Inorganic), by Soil Type (Sand, Clay, Loam, Silt), by Application (Construction and Mining, Agriculture and Gardening, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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